What's it worth?

[Edrich1234]

Hi guys, I'm fairly new to the second-hand market. I'm wondering if you guys could help me and give me an estimate price of what I could get for my Bianchi Methanol FS

Formula RX brakes 

DT SWISS spiral wheels(Carbon )

Carbon frame medium( Few paint chips but not that harms the bike)

Carbon SLK crank, handlebar and seatpost and fizik saddle

FOX EVOLUTION SERIES SUSPENSION (DUAL SUS)

Its a 2017 year model and serviced a month ago. In a good condition

Would could I possibly get for this in a second market and should I sell privately or to someone like bikemarket.

Edited May 14, 2023 by Edrich1234

[gerriemtb]

Hi @Edrich1234,

Unfortunately I can't give a ball park figure on the value of your bike. I am sure someone will chime in in good time with an estimate.

Selling here on Bikehub is a good idea.

Resellers like bikemarket usually offer you less than the bike is worth/you can get selling it privately. But it is a easier process and you will have cash in hand sooner. I guess you "pay" for the "convenience". 

[Thomo]

33 minutes ago, Edrich1234 said:

... should I sell privately or to someone like bikemarket.

Explore both options and see what works best for you.

Selling to a reseller is convenient but comes at a cost.

Sometimes the cost is worth it though, saving you time and effort.!

[Edrich1234]

24 minutes ago, gerriemtb said:

Hi @Edrich1234,

Unfortunately I can't give a ball park figure on the value of your bike. I am sure someone will chime in in good time with an estimate.

Selling here on Bikehub is a good idea.

Resellers like bikemarket usually offer you less than the bike is worth/you can get selling it privately. But it is a easier process and you will have cash in hand sooner. I guess you "pay" for the "convenience". 

Thanks gerrie do appreciate it.

[Edrich1234]

15 minutes ago, Thomo said:

Explore both options and see what works best for you.

Selling to a reseller is convenient but comes at a cost.

Sometimes the cost is worth it though, saving you time and effort.!

Yes Thomo I think I'm to do that, sounds like a good plan.

[guidodg]

https://bikehub.co.za/classifieds/item/dual-suspension-bikes/61884/2017-bianchi-methanol-fs-29er-m-on-hold

[Jakkals.]

Have you done any home work on this? Or is it more convenient to ask? 
 

Idk but all these threads ring similar, or I’m just getting older and grumpier 😬

[patches]

three words...

Let the market decide!

Here in NZ the largest online classified site (TradeMe) has a "$1 Auction" whereby the reserve is $1 and as soon as someone bids that first dollar, the sale is guaranteed and market decides what the item is worth.

Sure it's risky, but ads get tons of attention from people browsing for bargains, and more attention creates a frenzy and a competitive market, driving the price up and up.

Heck, I've probably sold about 80 items on $1 Auction (including a car, dirt bike, mountain-bike, furniture, and all manner of power tools). Out of those 80-odd auctions, only about 3 have fallen a little flat (not $1 flat), bit about 5-10% less than what I would have expected.

The kiwi $1 Auctions also allow for a "Buy Now" price, should potential buyers not want to enter into a bidding frenzy. The seller sets this to what they think it's worth, but as soon as that first dollar is bid, any "Buy Now" options are removed as the auction has begun.

Every time I have put a "Buy Now" price, someone has bid $1 and once the auction has concluded, I have made more (sometimes nearly double) what my Buy Now price was.

Kiwis are suckers for $1 Auctions, and I bet Saffers will be too! It's like shopping, gambling, and competitive sports all in 1! haha

 

Ps. Mr. Admin, if you're reading this and decide to implement such a thing on BikeHub, you can send my royalty cheques to... 😅